Simon Callaghan Calls for Joint Efforts to Combat Crypto Scams
Simon Callaghan, the new CEO of Blockchain Australia, is urging Australia’s institutions, government, and the crypto industry to work together to combat the rise of cryptocurrency scams. June 30, on the final day of Australian Blockchain Week in Melbourne, Callaghan announced that the association will now focus on preventing crypto-related frauds, among other initiatives. “We […]
US Senator Urges Tech Firms to Label AI-generated Content
Senator Michael Bennet of the United States has urged tech firms to label AI-generated content and monitor any deceptive content generated by artificial intelligence (AI). Bennet emphasized that users should be aware when AI is used to create content in a letter he sent on June 29 to the executives of major tech companies utilizing […]
OpenAI Allegedly Faces Class-Action Lawsuit Over Data Theft
OpenAI, the creator of the popular chatbot ChatGPT, is facing a class-action lawsuit in California for allegedly collecting private user information from the internet. On June 28, Clarkson Law Firm filed a lawsuit in the United States District Court for the Northern District of California. The lawsuit alleges that OpenAI trained ChatGPT using millions of […]
North Carolina Passes Bill to Examine Impact of Holding Bitcoin
A bill mandating the North Carolina Department of State Treasurer to investigate the viability and benefits of the state holding Bitcoin has been approved by the General Assembly’s lower chamber. The North Carolina House of Representatives passed a bill on June 28 mandating a $50,000 study of “acquiring, securely storing, insuring, and liquidating” gold bullion […]
Bank of Italy Calls for Regulatory Framework for Stablecoin
Bank of Italy has called for a risk-based regulatory framework for stablecoins, which could prevent the worst-case scenario — a “run” on stablecoins. In its recently released “Markets, Infrastructures, and Payment Systems” report for June, the central bank urged regulators to apply the same financial conduct standards to stablecoin issuers as to other industry participants. […]